Japanese firm joins minimart venture

Japan’s retailing company Ministop entered a partnership last Saturday with the local trading and service joint-stock company G7Mart to develop a system of convenience shops in Viet Nam.

Initial investment for the system of 500 shops nationwide by 2016 is US$10 million, according to Dang Le Nguyen Vu, chairman of G7Mart and its parent coffee firm Trung Nguyen.

Of the total amount, the Vietnamese partner will provide 75 per cent and the Japanese company, 25 per cent.

Tags: Ministop

Posted by VBN on Dec 13 2010. Filed under Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login